America Movil stock: Cash flow supports debt reduction after Q3 growth

Published on 11/03/2026 at 16:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

America Movil stock gains fresh investor focus after stronger postpaid and broadband demand supported third-quarter growth. Cash flow also reduced leverage.

Growth and balance-sheet progress

Third-quarter revenue increased as postpaid and fixed-broadband demand offset prepaid customer cleanups.
Cash flow funded investment, reduced leverage and supported shareholder distributions.
Management plans continued network spending while weighing dividends and acquisitions.

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America Movil reported stronger third-quarter operating results on October 21, with revenue rising 7.6 percent year over year to MXN 251 billion. The company also used cash generation to fund investment and reduce leverage, according to MarketBeat.

America Movil stock traded at 22.50 euros on Lang & Schwarz at 16:04 CET on Tuesday, November 3, 2026. The real-time quote of America Movil stock reflects the latest available trading level.

Postpaid demand offsets customer cleanup

America Movil added 3.1 million postpaid subscribers and 390,000 fixed-broadband customers during the quarter. Those gains offset a 5 million decline in prepaid subscribers, which management linked largely to customer-base cleanups in Mexico and Colombia.

Postpaid mobile accesses increased 8.9 percent year over year, while fixed-broadband accesses rose 5.6 percent. At constant exchange rates, service revenue increased 5.3 percent and EBITDA rose 6.7 percent. The EBITDA margin reached 40.8 percent, 0.5 percentage points above the prior-year quarter.

Cash flow supports financial discipline

Capital expenditure totaled MXN 76 billion in the first nine months and was fully funded by cash flow. Net debt excluding leases stood at MXN 400 billion at quarter-end, equivalent to 1.21 times EBITDA after leases, down from 1.50 times at the end of 2025.

Free cash flow increased 41 percent from 2025, while the company reduced net debt by MXN 34 billion in cash-flow terms and returned MXN 27 billion through buybacks and dividends. Management reiterated a leverage target range of 1.2 to 1.5 times.

Investment remains the next focus

Management expects capital expenditure to remain near USD 7 billion next year, with a potential variation of 5 percent above or below that level. Near-term capital uses include the consolidation of Brazilian fiber provider Desktop, a remaining dividend payment and possible acquisitions in Peru and Colombia subject to regulatory and transaction developments.